Question
A dual currency Bond has 8.5% Euro /$, and pays $725.25 at maturity per Euro 1,000 of the par value. The bond is sold at
A dual currency Bond has 8.5% Euro /$, and pays $725.25 at maturity per Euro 1,000 of the par value. The bond is sold at par. What is the implicit Euro/$ exchange rate at maturity? And is an American investor being better off at maturity if Exchange rate is Euro1.65/$
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New York Institute Of Finance How Mutual Funds Work
Authors: Albert J. Fredman, Russ Wiles
1st Edition
0130125016, 9780130125019
